The figure shows a graph of the future value of $350 at 6% compounded monthly, along with

Question:

The figure shows a graph of the of $350 at 6% compounded monthly, along with the graph of $350 at 6% compounded annually. Which is which?
Explain.

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Future Value
Future value (FV) is the value of a current asset at a future date based on an assumed rate of growth. The future value (FV) is important to investors and financial planners as they use it to estimate how much an investment made today will be worth...